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Approach Resources (AREX) Shares Cross Below Book Value

In trading on Tuesday, shares of Approach Resources Inc crossed below their last reported book value — defined as common shareholder equity per share — of $18.18, changing hands as low as $17.75 per share. Approach Resources Inc shares are currently trading down about 12.8% on the day.

In trading on Tuesday, shares of Approach Resources Inc ( AREX) crossed below their last reported book value — defined as common shareholder equity per share — of $18.18, changing hands as low as $17.75 per share. Approach Resources Inc shares are currently trading down about 12.8% on the day. The chart below shows the one year performance of AREX shares, versus its 50 and 200 day moving averages: